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this post was submitted on 22 Mar 2024
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Thanks for this. I'm so fucking tired of the older generation trying to tell me this isn't the case.
No worries, I'm the Oldest Millenial (1981) bracket and even we're staring at some pretty stark statistics, so image what Gen Z are feeling and experiencing here. Here's more you can tell them back.
Not only are 'we' down (the royal 'we' of renters), we're getting kicked while we're there.
And unlike a mortgage, you build no equity with renting. When you own and pay into the mortgage, you at least get some of your investment back when you sell and move. You get nothing back out of paying rent when it is time to move.